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with the same notice and hearing requirements of section 5250. | | Before adopting an affordable housing development program, the | | municipal legislative body shall consider the factors and evidence | | specified in section 5247. |
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| | | 2.__Requirements.__The affordable housing development program | | must include: |
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| | | A.__A financial plan in accordance with subsection 3; |
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| | | B.__A description of facilities, improvements or programs to | | be financed in whole or in part by the affordable housing | | development program; |
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| | | C.__Plans for the relocation of persons displaced by the | | development activities; |
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| | | D.__The environmental controls to be applied; |
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| | | E.__The proposed operation of the affordable housing | | development district after the planned improvements are | | completed; |
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| | | F.__An assurance that the program complies with section | | 4349-A; |
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| | | G.__The duration of the program, which may not exceed 30 | | years from the date of designation of the district; and |
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| | | H.__All documentation submitted to or prepared by the | | municipality under section 5247, subsection 2. |
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| | | 3.__Financial plan for affordable housing development | | district.__The financial plan for an affordable housing | | development district must include: |
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| | | A.__Cost estimates for the affordable housing development | | program; |
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| | | B.__The amount of public indebtedness to be incurred; |
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| | | C.__Sources of anticipated revenues; |
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| | | D.__A description of the terms and conditions of any | | agreements, contracts or other obligations related to the | | affordable housing development program; and |
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| | | E.__For each year of the affordable housing development | | program: |
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